S.L. 345.28 Art. 3Fees in relation to regulated markets.

(1) A body corporate or unincorporate that intends to provide the services of a regulated market in or from Malta shall, upon submission of an application to the competent authority for authorisation in accordance with article 4 of the Act, pay to the competent authority an application fee as established in the First Schedule, as applicable, with respect to such application.

(2) A regulated market authorised in accordance with article 4 of the Act shall, subject to the provisions of sub-regulation (4), pay to the competent authority an annual supervisory fee as established in the Second Schedule, as applicable.

(3) Notwithstanding the provisions of sub-regulation (2), the first annual supervisory fee due to the competent authority shall be the annual supervisory fee established in the Second Schedule, as applicable, prorated according to the period remaining between the date when the regulated market is granted an authorisation in accordance with article 4 of the Act and the end of the calendar year in which such authorisation was granted.

(4) The first annual supervisory fee due in accordance with sub-regulation (3) shall be paid to the competent authority on the date when the regulated market is granted an authorisation under the Act, and every annual supervisory fee following the first annual supervisory fee which is due in accordance with sub-regulation (2) shall be paid to the competent authority on the 1st January of each calendar year.